James Monroe III - Aug 29, 2023 Form 4 Insider Report for Globalstar, Inc. (GSAT)

Role
Director, 10%+ Owner
Signature
/s/ Arthur McMahon, III, attorney-in-fact for James Monroe III
Stock symbol
GSAT
Transactions as of
Aug 29, 2023
Transactions value $
$4,762,369
Form type
4
Date filed
8/31/2023, 06:02 PM
Previous filing
Jun 5, 2023
Next filing
Sep 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GSAT Voting Common Stock Purchase $512K +452K $1.13 452K Aug 29, 2023 Thermo XCOM LLC F1
transaction GSAT Voting Common Stock Purchase $4.25M +3.75M +829.48% $1.13 4.2M Aug 29, 2023 Thermo XCOM LLC F2
holding GSAT Voting Common Stock 197M Aug 29, 2023 Thermo Funding Company
holding GSAT Voting Common Stock 6.12M Aug 29, 2023 By Thermo Properties II, LLC
holding GSAT Voting Common Stock 641K Aug 29, 2023 By FL Investment Holdings LLC
holding GSAT Voting Common Stock 876M Aug 29, 2023 Thermo Funding II LLC
holding GSAT Voting Common Stock 3M Aug 29, 2023 Monroe Irr. Educational Trust
holding GSAT Voting Common Stock 200K Aug 29, 2023 By Thermo Investments Limited Partnership
holding GSAT Voting Common Stock 619K Aug 29, 2023 By Globalstar Satellite L.P.
holding GSAT Voting Common Stock 627K Aug 29, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares acquired by Thermo XCOM LLC in consideration for its release of debt owed by XCOM Labs, Inc ("XCOM").
F2 Represents shares purchased from XCOM in a private placement in connection with the Intellectual Property License Agreement and other transactions disclosed in the Form 8-K filed with the Commission on August 31, 2023.